Sugs Lloyd IPO

About Sugs Lloyd IPO

The offer consists of a fresh issue component. The fresh issue will include 69,64,000 equity shares aggregating up to ₹85.66 crore. The total number of shares is 69,64,000 equity shares and the aggregate amount is ₹85.66 crore.

The IPO opens on Aug 29, 2025 and closes on 02 September, 2025. The tentative listing date is set as 05 September, 2025. The allotment of shares will take place on 03 September 2025. The initiation of refunds will take place on 04 September 2025.

Sugs Lloyd operates in the renewable energy sector, with a primary focus on solar energy, electrical transmission and distribution, and civil EPC (Engineering, Procurement, and Construction) projects.Sugs Lloyd Limited deals with state government power utilities, private power entities and renewable energy developers. Preferably, the company opts for renewable energy and EPC projects. The company bags project work from government utilities through the open bidding process and from private power entities and renewable energy developers by way of open bidding or on a preferential basis in accordance with the company’s merit and performance. The company has set a business module to suit operational needs. Business operations mainly comprise two main tasks: supply and service. On site, the company sets up office and store facilities as per project requirement and deploys a project team and hires labour on a daily basis as per the site requirement.

Objective of Sugs Lloyd IPO

• To meet working capital requirements.
• General corporate purpose.

Industry Outlook

India's renewable energy sector, particularly solar energy, is experiencing rapid growth fuelled by government policies and incentives. The country aims to achieve ambitious renewable energy targets, with solar power leading the way. India's EPC (Engineering, Procurement, and Construction) industry is a key player in the country's infrastructure development, spanning sectors like energy, transportation, and real estate. India's electrical engineering sector drives the nation's power infrastructure, catering to diverse needs from generation to distribution. With a focus on modernisation and sustainability, the sector plays a pivotal role in meeting India's rising energy demands.

Company Information

Sugs Lloyd Limited operates in the renewable energy sector, with a primary focus on solar energy, electrical transmission and distribution, and civil EPC (Engineering, Procurement, and Construction) projects. They provide a wide range of services, including the development of power transmission and distribution infrastructure, construction of power substations, and the renovation, upgrading, and modification of existing power systems.

Additionally, they also engage in providing solutions for Outage Management Solutions (OMS) using fault passage indicators, auto reclosers, and sectionalisers to various electricity DISCOMs (Distribution Companies). In the civil construction domain, they offer turnkey solutions for civil building construction and electrical substation work, particularly for government clients, with a strong emphasis on serving power DISCOMs (Distribution Companies).

The company also provides skilled manpower and staffing services to government organisations, specifically power DISCOMs, ensuring the efficient operation and maintenance of energy infrastructure.

Strengths of Sugs Lloyd IPO

• Quality Assurance and Standards: Quality standards followed right from the beginning are very stringent and adhered to during the services and assembly process.
• Existing Client Relationship: Their existing customer relationship helps them to get repeat business from their customers.
• Scalable Business Model: Their business model comprises optimum utilisation of their existing resources, developing linkages with the expertise of their development team, and achieving consequent client satisfaction.

Risks of Sugs Lloyd IPO

• Their under-construction projects may be subject to cost overruns or delays.
  
• Too much concentration of their business is from sales to the government, which may impact their business.
  
• The construction, operation, and maintenance of their transmission systems involves significant risks that may cause injury to people or property.
  
• Subjection to performance risk from third-party contractors, and operational risks associated with the engagement of third-party contractors and their employees.
  
• Any unavailability of their employees or shortage of contract labour, or any strikes, work stoppages, increased wage demands by workmen, or changes in regulations governing contractual labour.
  
• The company has applied for registration of their name and logo. However, they do not own the trademark as on date. Hence, they may be unable to protect their intellectual property.
  

IPO Registrar and Book Running Lead Managers

Book running lead managers:

3Dimension Capital Services Limited

Registrar for the IPO is KFin Technologies Limited

Business Model

The company earns its revenue through the following sources:

• They provide a wide range of services, including the development of power transmission and distribution infrastructure, the construction of power substations, and the renovation, upgrading, and modification of existing power systems.
• They also engage in providing solutions for Outage Management Solutions (OMS) using fault passage indicators, auto reclosers, and sectionalises to various electricity DISCOMs (Distribution Companies).
• They offer turnkey solutions for civil building construction and electrical substation work, particularly for government clients, with a strong emphasis on serving power DISCOMs.

Company Growth Trajectory

For the period that ended on 30 June 2024, the company’s total income and restated profit after tax were ₹26.32 crore and ₹3.53 crore, respectively. For the year that ended on 31 March 2024, these were ₹68.75 crore and ₹10.48 crore, and for the year that ended on 31 March 2023, the company’s total income and restated profit after tax were ₹36.36 crore and ₹2.29 crore. For the year that ended 31 March 2022, the company’s total income and restated profit after tax were ₹23.29 crore and ₹2.20 crore.

Company Market Position

Their company deals with state government power utilities, private power entities, and renewable energy developers. Their clients include Tata Power Limited, Madhyanchal Vidyut Vitran Nigam Limited (MVVNL), Punjab State Power Corporation Limited (PSPCL), Punjab Energy Development Agency (PEDA), Maharashtra State Power Generation Co. Ltd. (MSPGCL), Adani Green Energy Limited, Indian Oil Corporation, Indraprastha Gas Limited, BREDA (Bihar Renewable Energy Development Agency), IIT Kanpur, Eastern Railway and Western Railway, Delhi Police Housing Construction Corporation Limited, TP Southern Odisha Distribution Limited (TPSODL), and many other renowned clients. They have also entered into service agreements with these clients.

SUGS was awarded “Emerging Solar EPC of the Year” at the “Rajasthan Sustainable Renewable Revolution” event, organised by A and A Media Group, for exceptional growth, innovation, and excellence in delivering solar projects across India.

How To Check Allotment Status of Sugs Lloyd IPO?

You can check the allotment status of shares either on the website of the Bomaby Stock Exchange (BSE) or on the website of the registrar KFin Technologies Limited. To check the status on the BSE website:

• Visit the BSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt (Equity in this case)
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is Sugs Lloyd Limited
• Enter your application number or PAN number
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

Follow these steps to know the allotment status on the registrar’s website:

• Visit the KFin Technologies Limited website
• Choose “Public Issues” from the “Investor Services” drop-down
• Select Sugs Lloyd Limited from the drop-down
• Enter your PAN number or Application number
• Click on “Submit” to know the allotment status

How To Apply for Sugs Lloyd IPO?

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.